The Flughafen Wien Group generated revenue of  280.3 million in the first half of 2011, which represents an increase
of 10.7% over the comparable prior year period. EBITDA totalled  98.5 million (+15.0%) and EBIT  66.0 million
(+25.5%) for the reporting period. After the deduction of  14.9 million in income tax expense (1-6/2010:  11.8
million), net profit for the period amounted to  43.3 million (1-6/2010:  38.1 million). The development of earnings outpaced the growth in revenue, which led to an improvement in the EBITDA margin to 35.1% (1-6/2010:
33.8%) and in the EBIT margin to 23.6% (1-6/2010: 20.8%).

Segment revenue

The Flughafen Wien Group generated revenue of  280.3 million in the first six months of 2011 (1-6/2010:  253.2 million). This 10.7% increase resulted from the positive development of traffic as well as the new
security charge. External revenue in the Airport Segment rose by  14.0 million or 11.2% over the comparable prior year
period to  138.8 million. The growth in traffic was also responsible for an increase in external revenue recorded by
the Handling Segment, which rose by 4.0% to  79.7 million. The Retail & Properties Segment recorded a plus of 20.7%
in revenue to  53.9 million. External revenue recorded by the Other Segments increased  1.1 million to 
7.8 million.

Write-off of investment in Friedrichshafen GmbH

In the second quarter of 2007 a 25.15% stake in Flughafen Friedrichshafen GmbH was acquired for a purchase price (including
transaction costs) of  7.7 million. This investment is carried at equity. The acquisition was originally made under
the presumption of double-digit growth, strong economic progress and the positive development of this region for tourism.
The companys negative development in recent years led to a series of reductions in the carrying amount of the investment
as part of the at equity valuation to  5.7 million as of 31 March 2011. The new medium-term planning for Flughafen
Friedrichshafen GmbH, which reflects the latest developments, shows that the financial goals cannot be met during the forecast
period. A decision was therefore made to write off this investment in full.

Steady growth in passenger traffic during first half of 2011

Vienna Airport handled a total of 9,663,194 passengers during the period from January to June 2011, for a year-on-year increase
of 8.6%. This growth reflected the general economic recovery as well as the interruption in air traffic across Europe during
the previous year as a result of the volcanic ash cloud. The number of transfer passengers rose by 4.6%. Traffic to Eastern
Europe grew by 12.6% during the first half of 2011 to comprise 18.3% of all departing passengers. Passenger traffic to the
Middle East and the Far East increased by 4.1% and 5.2%, respectively.

The Austrian Airlines Group recorded an increase of 3.4% in the number of passengers handled at Vienna Airport during the
first half of 2011, but this carriers share of total passenger traffic fell from 51.4% to 49.0% year-on-year. The so-called
low-cost carriers handled 12.9% more departing passengers during the reporting period, which represents 22.6% of passenger
traffic in Vienna (1-6/2010: 21.8%). Maximum take-off weight (MTOW) totalled 4,065,977 tonnes, or 8.6% more than the comparable
prior year period, and reflected the use of larger aircraft. Cargo turnover (air cargo and trucking) declined 3.9% to 142,516
tonnes, while flight movements increased 1.4%. The seat occupancy factor reached 66.2%, compared with 66.1% in the first half
of 2010.

Skylink: work to complete the project is on schedule

Work is proceeding to complete the terminal extension VIE-Skylink, and the start of operations is planned for the first half
of 2012. Parallel to construction, preparations are underway for the start-up and test operations are expected to begin during
the fourth quarter of 2011. Full operations are scheduled to begin at the end of the first half of 2012. Since a general contractor
will not be engaged for this project, the budgeted costs for the VIE Skylink were reduced by  30 million to a maximum
of  800.0 million.

Corporate spending

The major investments during the first six months of 2011 represented the terminal extension VIE-Skylink at  79.9 million,
security control lines at  1.4 million, security systems for the VIE-Skylink at  2.1 million, the revitalisation
of bus gates at  3.7 million and baggage sorting equipment at  0.7 million. Other investments included  2.5
million for technical noise protection,  3.0 million for IT hardware and software,  1.1 million in guidance
system and  1.2 million in furnishings for the VIE-Skylink.

Outlook

Data for July point to growth in all traffic segments, with a year-on-year increase of 6.0% in passenger traffic during that
month. Flight movements declined 2.2% and maximum take-off weight (MTOW) was slightly lower at 739,053 tonnes. Passenger traffic
(scheduled and charter flights) to Eastern Europe and the Middle East rose by 12.2% and 4.5%, respectively, in July 2011.
Cargo turnover (air cargo and trucking) declined 2.2% to 21,118 tonnes. Flughafen Wien AG has revised its forecasts for 2011
and is now expecting an increase of 5.0% in passengers, 3.0% in maximum take-off weight (MTOW) and 1.0% in flight movements.

The report by Flughafen Wien AG on the first half-year from 1 January to 30 June 2011 is available to the general public at
the companys offices in 1300 Flughafen Wien and at Unicredit Bank Austria AG, 1010 Vienna, Schottengasse 6-8, and is
also available in the Internet under http://ir.viennaairport.com, menu point Publications, sub-section Quarterly reports.

Flughafen Wien, 25.08.2011

The Management Board

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